Which of the Following Is Not Considered Part of the Services

question 29

Multiple Choice

Which of the following is not considered part of the services category under the expenditure approach to GDP accounting?

• A)​sporting events
• B)​haircuts
• C)​commercial airline transportation
• D)​privately owned jets

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Definitions:

Frequency Distribution

An overview of how often each value in a set of data occurs, typically represented in a table or graph.

Sigma Notation

A symbol used in mathematics to represent the sum of a sequence of terms defined by an expression.

Median

A statistical measure representing the middle value in a sorted list of numbers, where half the numbers are above and half are below.

Negative Correlation

When the value of one variable decreases as the value of the other variable increases.